Claws is a cloud-based Software as a Service (SaaS) that performs detailed back office data processing and management for oil and gas purchasers, traders and transporters.
Advantages of Claws include:
- State of the art firewall and breach detection systems
- Automated, secure data backups and disaster recovery
- Everything you need is available for a flat monthly fee
- Networks are monitored 24-7
Claws®️
- Licensed on an annual/per seat basis
- Accessed directly from your desktop
- Manages product pricing for purchases and sales of oil and gas products
- Track multiple business units within your organization
- Stores master information for trading points, counterparties and commodities
- Assign pricing to operators and leases used for calculating purchases and sales
- Use custom tax groups to calculate severance and withholding taxes
- Division Order Maintenance tracks lease ownership percentages used to pay investors and tracks investor suspense
- Explorer Dashboard gives users a screen for quickly reviewing and managing run ticket volumes, values and other critical information
- E-ticket Interface, a customizable interface, imports run tickets from third party ticketing sources
- OILDEX Interface imports and exports run tickets via CODE and CDEX formatted files
- Run Ticket Spreadsheet Interface imports run tickets from spreadsheets via a customizable interface
- Run Ticket Processing and Ticket Pricing calculates run ticket volumes, values, taxes and expenses
- Produces operator statements for both oil and gas production
- Ticket Allocation produces multi-tiered product allocations from tank batteries
- Revenue Allocation and Payment Processing calculates lease investor payments, produces checks and generates reports
- Reports severance tax to states
- Integrates with your company general ledger
- 1099 Reporting produces investor 1099-MISC statements plus electronic filings to the IRS and individual states